There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Ulta Beauty (ULTA – Research Report) and Best Buy Co (BBY – Research Report) with bullish sentiments.
Ulta Beauty (ULTA)
Jefferies analyst Ashley Helgans maintained a Buy rating on Ulta Beauty yesterday and set a price target of $587.00. The company’s shares closed last Thursday at $482.83.
According to TipRanks.com, Helgans is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ulta Beauty with a $543.80 average price target, implying a 12.4% upside from current levels. In a report issued on January 3, Piper Sandler also assigned a Buy rating to the stock with a $635.00 price target.
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Best Buy Co (BBY)
In a report released yesterday, Jonathan Matuszewski from Jefferies reiterated a Buy rating on Best Buy Co, with a price target of $89.00. The company’s shares closed last Thursday at $74.65.
According to TipRanks.com, Matuszewski is a 4-star analyst with an average return of
Currently, the analyst consensus on Best Buy Co is a Hold with an average price target of $74.14, representing a -2.4% downside. In a report issued on January 2, Loop Capital Markets also maintained a Buy rating on the stock.
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Read More on ULTA:
- The beauty and wellness stocks to own in 2024, according to Piper Sandler
- Ulta Beauty price target raised to $635 from $572 at Piper Sandler
- Ulta Beauty Stock (NASDAQ:ULTA) to Gain from Beauty Trends, Stabilized Economy
- Ulta Beauty call volume above normal and directionally bullish
- DA Davidson analysts hold an analyst/industry conference call
